Ben Navarro is the former Citigroup executive actively exploring a bid for the Carolina Panthers. Last year, Jerry Richardson announced that he was selling the team after Sports Illustrated reported that he made multiple payouts for workplace misconduct including sexual harassment and using a racial slur.
Ben Navarro Net Worth As Of 2018: $3 Billion
Benjamin W. Navarro’s $3 billion net worth was earned through his career as an executive with Citicorp and from his debt collection company. He graduated from the University of Rhode Island with a degree in Finance and has also worked for Goldman Sachs.
Sherman Financial Group
Navarro found Sherman Financial Group in 1997. The company made more than $2 billion in 2016 from purchasing and servicing consumer debt. Prior to launching the Sherman Financial Group, Navarro was the Vice President of Mortgage Sales and Trading at Citicorp.
Navarro joins an impressive list of individuals interested in buying the Panthers. Sean “Diddy” Combs recently revealed his plans to buy the team and has been arranging meetings with potential investors. NBA star, Stephen Curry reached out to Diddy about investing in the team. The 3-point specialist recently signed a $201 million deal with the Golden State Warriors.
Jerry Richardson’s Decision To Sell The Carolina Panthers
Jerry Richardson is making a great decision for multiple reasons. He bought the Panthers in 1993 for $206 million and the team should sell for about $2 billion. The Colin Kaepernick situation has exposed the NFL. While the NBA has done a wonderful job handling social issues, the NFL’s response has been horrible.
NFL ratings have been down and will continue to suffer. The Malcolm Butler Super Bowl incident was yet another example of the NFL’s issues. Bill Belichick’s decision to bench Butler doesn’t make any sense.
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